Lord Oates – 2016 Parliamentary Question to the Department for International Development

The below Parliamentary question was asked by Lord Oates on 2016-05-18.

To ask Her Majesty’s Government what assessment they have made of the likely efficacy of international financial assistance to the government of Zimbabwe in the light of the decision by the Reserve Bank to start issuing bond notes.

Baroness Verma

If Zimbabwe clears its arrears to the International Financial Institutions, any future financing would need to be based on comprehensive reforms and a firm commitment to sound macroeconomic management. The UK shares concerns that the introduction of bond notes could be damaging to confidence in the Zimbabwean economy, if not managed appropriately by the Government of Zimbabwe.